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...months ago, energy exploration was one of the few bright spots in the darkening U.S. economy. There were 165,500 people in the U.S. working on oil- and gas-drilling crews at the end of October, up 11% from a year earlier, according to the Bureau of Labor Statistics. All mining support-service jobs, including those in the coal business, were up an even larger 17%, to 343,000. Now energy companies are sure to pull back. And that could make the nation's economic recession even worse, taking job losses to areas that had so far dodged the downturn...

Author: /time Magazine | Title: Oil-Price Drop Forces Big Energy to Retreat | 12/3/2008 | See Source »

...United Auto Workers has scrapped the jobs bank and is looking to modify other aspects of its existing labor agreements with General Motor Corp, Ford Motor Co. and Chrysler as part of the effort to secure federal aid for the three automakers...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

...satisfy critics who claim the companies need entirely new management. More significantly, GM has pledged to consolidate its sprawling number of brands (focusing on Chevrolet, Cadillac, Buick and GMC), cut more than 20% of its remaining jobs, shutter almost a quarter of its factories and try to reduce crippling labor costs by reopening negotiations with the United Auto Workers. Ford, in its plan, stated that it would roll out all-electric models within two years...

Author: /time Magazine | Title: The Auto Bailout May Wind Up on Obama's Plate | 12/3/2008 | See Source »

...Martin, who had to rely on surrogates like Ludacris and REM's Michael Stipe to energize his base down the stretch. Chambliss vacuumed money from big donors as well as the Republican Party and the National Rifle Association; Martin did better with small donors and attracted a swarm of labor-union volunteers, but he's clearly swimming upstream...

Author: /time Magazine | Title: What's Really at Stake in Georgia's Senate Runoff | 12/2/2008 | See Source »

...Government concentrator at the College, Kennedy was elected to serve as the U.S. senator from Massachusetts in 1962. He served as senate majority whip from 1969 to 1971 and is currently the chairman of the Senate Committee on Health, Education, Labor, and Pensions. Kennedy has been reelected seven times, making him the second-longest serving current member of the Senate...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Harvard To Honor Ted Kennedy | 11/30/2008 | See Source »

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